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Embraer Leads Bombardier With $1.87 Billion Azul Order

Embraer SA won a $1.87 billion sale of planes to David Neeleman’s Azul Linhas Aereas Brasileiras SA, as the biggest maker of regional jets widens its lead over Bombardier Inc.

Azul plans to buy 30 of the E195-E2 model and become the first operator of the plane, the biggest version of Embraer’s updated regional-jet family. Embraer said today that it expects to convert Azul’s letter of intent into a firm order by the fourth quarter.